If this is true and MtGox stops accepting or suspends dwolla deposits we'll have the perfect storm of no cash coming in, nervous people and miners continuing to sell at a steady clip. Still seeing $40 short term in that situation?

Just that rumor was enough for me to sell half my mined BTC immediately (all of 3.38 of them )

If this is true and MtGox stops accepting or suspends dwolla deposits we'll have the perfect storm of no cash coming in, nervous people and miners continuing to sell at a steady clip. Still seeing $40 short term in that situation?

Just that rumor was enough for me to sell half my mined BTC immediately (all of 3.38 of them )

Is this really going to be a problem? It seems obvious that Dwolla will end up eating this and not let it happen in the future. Otherwise Dwolla is pretty much done altogether. If Dwolla is done that will suck for a while.

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I never thought about this, but the bitcoin price is probably largely based on Dwolla.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.

I never thought about this, but the bitcoin price is probably largely based on Dwolla.

less dwolla -> higher BTC price ?

Nope. Less dwolla -> less money available to buy BTC -> more people willing to sell BTC for less -> lower BTC price... at least initially. Same way that no euros in MtGox means lower prices across the board.

i think less Dwolla pricier BTC because it will be more expensive using other means for exchange

compare rates of loading Dwolla and moving to exchange for instance with loading exchange through Liberty Reserve, wire, etc., those transfer and exchange fees would reflect price of BTC

Yup, that's why I said initially... give it a few days and people will find a way around it. If you ask me, the whole dwolla/liberty reserve system is ridiculous in the first place. Why can't I go to my bank's website and just send the money to Mtgox, Tradehill, CampBX, the same way I do with Virtex, is just beyond me.

What does the number of users connected to MtGox Live mean exactly? Is this number good or bad?

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.